Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options . And by the way, I think if you conducted that same research today, Univision would be higher than the Catholic Church. ", "It's really remarkable when you look at the competitive landscape that there is no high-quality, differentiated [over-the-top] service for this audience that is at scale," he told Deadline the same week. Some of these accolades include; Best Music or Dance Program Award and Best Entertainment Presenter Host with Salman Khan in Bigg Boss Season 11. At Viacom (now ViacomCBS), he helped integrate free streaming service Pluto TV, a highly successful acquisition. Hes a former NYU and Rutgers adjunct professor, 2012 President Obama surrogate, and feminist. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Wade Davis, Former Viacom CFO, And Partners Close Acquisition Of Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with. The two companies Viacom Inc. and CBS corporation succeeded the first Viacom, and they were both owned by National Amusements, which is a theater company controlled by businessman Summer Redstone. Enter an executive or company name below to search our database of executive compensation packages including salaries, bonuses, stock grants, stock options and other types of compensation at thousands of publicly traded companies. View Wade Davis's business profile as Chief Executive Officer at TelevisaUnivision. Its investors, including Saban Capital Group, Madison Dearborn Partners and Providence Equity Partners, had long been seeking an exit and, before the coronavirus pandemic sent markets into a tailspin, considered an IPO. Its a remarkable position. Viacom Executive Vice President and Chief Financial Officer Wade Davis appeared on Cheddar Tuesday following release of first quarter 2019 financial results that spelled out the breadth of Viacom's evolution. document.write(new Date().getFullYear()); Salary.com. Of this total $1,750,000 was received as a salary, $2,825,000 was received as a bonus, $824,999 was received in stock options, $2,397,775 was awarded as stock and $29,255 came from other types of compensation. . If Wade Davis, former Viacom We are looking forward to an even closer collaboration with Univision to help it implement the many transformational initiatives that Wade has set out to achieve, said Televisa co-CEOs, Bernardo Gomez and Alfonso de Angoitia. In addition, a spin-off company was created named Viacom, which was headed by Freston. Wade Davis's income source is mostly from being a successful . You may also find the annual proxy statement by going directly to the company's website. Former Viacom Inc. Chief Financial Officer Wade Davis agreed to buy a majority stake in Univision Communications Inc., a deal that follows years of failed attempts to sell the Spanish-language broadcaster or take it public. But Univision will face competition for viewers from a growing number of Spanish-language programs on services like Netflix, which has over 36 million Latin American subscribers, and several original series in Spanish, Bloomberg wrote, adding that Telemundo, the No. However, the companies were to trade under the ownership of national amusements due to stagnating stock price. Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. (Photo by Rodrigo Varela/WireImage). Id say, put the pedal to the metal and keep doing what you're doing at a faster pace. MLB pitcher who began his career with the Tampa Bay Rays in 2009. I remember research about Univision that said, among U.S. Hispanics, Univision was the most trusted institution, except for the Catholic Church. The company has generated its revenue through fees from the distribution of programming and program services. Davis was named Viacom CFO in 2012 after seven years at the company heading up strategic planning and M&A. We want to hear from you! 2023 Deadline Hollywood, LLC. Family Life Wade married his long time girlfriend Katelyn Casey in 2009. Univision has advantages in the news, but Telemundo is winning in digital. Scroll below and check more details information about Current Net worth as well as Monthly/Year Salary, Expense, Income Reports! Why? Signup for Breaking News Alerts & Newsletters. There are 100+ professionals named "Wade Davis", who use LinkedIn to exchange information, ideas, and opportunities. Viacom Inc. (Video & Audio Communications) was an American multinational mass media conglomerate with interests primarily in film and television. As of August 2022, Viacom is estimated to have a net worth of $15 billion. Former NFL Player Wade Davis is an educator and advisor on gender, race, and orientation equality, and currently the VP of Inclusion for Product at Netflix. They have also received great support from their fans who believe in them and love what they do as a team. Univision announced plans to explore its options last summer. All Rights Reserved. Viacom later fully acquired Showtime/the movie channel in 1985 from Warner-Amex. You, For Get our latest storiesin the feed of your favorite networks. Viacom later purchased KSLA in Shreveport, Louisiana, and WHEC-TV in Rochester, New York, in separate transactions. Univision has had a rocky road since going private in 2006. The company owns or operates 61 television stations and 58 radio stations, has a live event series and a robust digital audio footprint along with its Univision.com website and streaming service Univision Now. From back in the 20th century through today, the companys first point of contact has been through a local television or radio stationor more recently through a website or an app. $859.03K on June 22, 2015. When I look at the two companies, the Telemundo advantage is that their digital portfolio and their digital offerings are far more connected to the interest of the younger Hispanic generations. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. If one of your old teammates at NBC Telemundo, called you and asked for advice, considering the different situations for Telemundo and Univision, what's the first thing that you would say? The company comprised of MTV Networks, BET Networks, Paramount Pictures, and Paramount Pictures Home Entertainment. As Executive Vice President, Chief Financial Officer at VIACOM INC, Wade C. Davis made $7,827,029 in total compensation. We have estimated Wade Davis's net worth , money, salary, income, and assets. The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M . Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. Viacom was also up for four nominations following its national wins. Mexicos Grupo Televisa SAB, the companys longtime partner, will retain its 36% stake in Univision. and bought an estimated value of $107.56M worth of shares. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. WORTH Published on February 9, 2020 . Before joining Netflix, Wade consulted for Google, P&G, Viacom & Bacardi. Why? Salaries Searchlight, with offices in New York, Toronto and London, has an investment in Hemisphere Media, a smaller, publicly-traded Spanish media group previously reported to be involved in the bidding for Univision. Wade consulted for Google, P&G, Viacom & Bacardi. - Wade Davis Net Worth Stats - When is Wade Davis's birthday? It was formed as a spin-off of the first Viacom on December 31, 2005. Benefits Signup for Breaking News Alerts & Newsletters. All Rights Reserved. The split was approved by Viacoms board on June 14, 2005, and took effect on January 1, 2006. Ratings suffered from shifts in the television landscape and competition from rival Telemundo. Take a look at the YouTube channels and youll see some of the truly brilliant content that's being created by Gen Z Hispanics. He is from United States. 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", Under Davis' leadership, Univision seeks to use its existing platforms and "pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community.". Wade was the NFLs first LGBT inclusion consultant where he worked at the intersection of sexism, racism, and homophobia to build inclusive leadership strategies and national engagement initiatives. A former national surrogate for President Obama, Wade has been an Adjunct Professor at both the NYU School of Professional Studies Tisch Institute for Sports Management, Media, and Business and the Rutgers University School of Public Affairs and Administration. Bloomberg Markets Americas. 2 Spanish-language broadcaster in the U.S., offers programming on streaming site Peacock, which its parent company, Comcast Corp., owns. He served as chairman of NBCU Hispanic Enterprises and Content, which includes television network Telemundo. "Televisa's strategic insight and global content leadership, coupled with Searchlight's tremendous experience as a long-term media investor, will help us fully realize Univision's potential as the leading Hispanic content company in the United States. However, the merger was completed on December 4, 2019. c/o Viacom Inc. 1515 Broadway. Southwest Airlines, +4 more Find open jobs near you. Univision Communications Inc. plans to launch a streaming service this year. Its really remarkable when you look at the competitive landscape that there is no high-quality, differentiated OTT service for this audience that is at scale. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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The value finance leaders bring to operations is varied but they share a forward-looking vision. Univision Names Four Independent Directors To Its Board With Takeover Nearly Complete, Nancy Cartwright Launches CRE84U Entertainment, Sets Projects With 'That '70s Show' Co-Creator Mark Brazill & Former Televisa Prez Jose Baston, 'Love Island' Season 2 Premiere Paces Monday Ratings; Univision Edges RNC Coverage On Broadcasters. He won the AL Pennant with the Royals in 2014 and the World Series with the team in 2015. Get the free daily newsletter read by industry experts. Viacom Inc's most recent insider trade came on May 15, 2017 by Prior to joining Netflix, Wade consulted for Google, P&G,Viacom & Bacardi. All proxy statements are public filings made available to the general public by the SEC. The systems were located in Dayton, San Francisco, Nashville, and Seattle Metropolitan areas. And what Univision has been able to build over the years through their news operationshas been trust. In an interview with Deadline when the deal was announced, Creed III Eyeing Franchise-Record 3-Day Debut Of $38M-$40M: Weekend Preview, Dune: The Sisterhood Star Shirley Henderson & Director Exit Amid Creative Overhaul, WGAW Exec Director David Young On Medical Leave; Ellen Stutzman To Lead Contracts Talks, HBOs Bill Maher, On CNN As Part Of Its New 9 PM Strategy, Predicts Biden Beats Trump In 24. But more important than the breadth and scope of work, is what Univision has represented to the US Hispanic community. Univision is a truly wonderful collection of assets. Betweenintergenerational differences and specific skillsets, CFOs need to get a handle on how FP&A execs operate. Wade Davis who bought 28,710 units worth However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Its a huge opportunity that is completely open from a competitive standpoint.. Getty Images. Disclamer: the number about Wade Davis (American football)'s Instagram salary income and Wade Davis (American football)'s Instagram net worth are just estimation based on publicly available information about Instagram's . While at Viacom, Davis oversaw the acquisition of free streaming service Pluto TV. $140 per post at $7/CPM. Univision Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexico's Grupo Televisa announced Tuesday they've completed the. Viacom operated several cable television systems from its formation in 1995. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. Stay competitive with the world's most innovative compensation software The current estimated net worth of Viacom Inc's EVP, Wade Davis, is estimated to be about $1.65M .Wade Davis owns about 42,424 units of Viacom Inc common stock. Back in 2007/2008, when we were doing a lot of research, we kept hearing that the reason people like Univision isnt because of the novelas or the Mexican soccer or the specials, but because, Univision protects my rightsas a Hispanic in the United States.. In all seriousness, I think Wade has a unique opportunity. Wade Davis Net Worth (2021 Update) Wade Davis and Searchlight Capital Partners. Prior to Viacom, Davis co-founded America's Choice, Inc. where he acquired research and associated IP to build a for-profit K-12 school performance improvement solutions business . Wade Davis usually trades in May, with the busiest year in 2019. Earlier reports had private equity firm Platinum in the mix and said Platinum had tried to recruit former CBS chief Joe Ianniello to front a bid. No, I'm just kidding! These services include; cable television operators, direct to home satellite television operators, mobile networks, and subscription-based video on demand. In the last 14 years, insiders at Viacom Inc have sold an estimated value of $1.1B A planned initial public offering in 2015 was scratched. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. As former Viacom CFO Wade Davis, the founder of ForgeLight, gets set to become CEO of Univision Communications later this year . Viacom later bought VIVA media AG in 2004, the German equivalent to MTV. Business. U.S. Coronavirus Update: California Overtakes Texas As Most Infected State In Nation As America Reaches 15M Cases, Coronavirus: Movies That Have Halted Or Delayed Production Amid Outbreak, Hong Kong Filmart Postponed Due To Coronavirus Fears; Event Moves Two Weeks Before Toronto. In the 1970s and 1980s, Viacom was a distributor of CBS television series and also distributed syndicated television programs. This resulted in Viacom return to operating radio stations after it originally exited the broadcast radio business in 1997. I think Telemundo has done a remarkable job in terms of diversity of content and appealing to a younger Latinx Gen Z audience. Daviss firm, ForgeLight, and his backers at Searchlight Capital Partners plan to acquire 64% of the media giant, with Davis becoming chief executive officer. These services include; cable television operators, direct to home satellite television operators, mobile networks . He left when the Viacom-CBS merger closed last December after recently garnering plaudits for bringing Pluto TV into the Viacom fold, considered a prescient deal given the intense industry focus on streaming. Mexican mass media company Televisa has retained its approximate 36% stake in Univision's fully diluted equity capital, Univision said. WD. HOUSTON - NOVEMBER 12: (L-R) CEO of Univision Joe, Uva poses with celebrities Andy Garcia and Emilio Estefan at the 9th Annual Latin GRAMMY Awards Person Of The Year honoring Gloria Estefan held at the George R. Brown Convention Center on November 12, 2008 in Houston, Texas. What is a proxy statement?A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Wade Davis was born in Lake Wales, Florida in September. $200 per post at $10/CPM. Subscribe to CFO Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Survey Reveals Top 4 Agenda Items for CFOs in 2023, Number Crunch: Nine in 10 Accountants, Auditors Struggle to Find Talent, Global Caseware Surve, B Lab Global Hires from Fair Trade USA and Walmart for Key Executive Roles, By signing up to receive our newsletter, you agree to our, Webinar Wade Davis owns about 42,424 units of Viacom Inc common stock. Wade is a United Nations Women Global Impact Champion, a Ms. Foundation for Women board member and strategic partner to the MeToo Movement and Times Up. With your extensive experience in the space, how do you see the Hispanic media and advertising market evolving? Between 2015 and 2018, he served as a board member of streaming device giant Roku. The Advice Former Univision Chief Joe Uva Would Give New CEO Wade Davis. unless such ownership constitutes a significant portion of your net worth. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Davis, who spent 14 years as Viacom finance chief,replaces Vince Sadusky, who has been Univision's CEO since 2018. Univisions new leadership team plans to use the companys extensive platform and strong pipeline of entertainment, sports and news content to deepen its relationship with the Hispanic community, building upon its established leadership in Spanish-language media, it said. These include; Nickelodeon Kids Choice Sports Award, Best Branded: MTV Fit Sessions, Best Promo or Trailer, and Best Entertainment Video Music Awards. In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. YOU HAVE 20,000 FOLLOWERS: $100 per post at a $5/CPM. Viacom was later renamed CBS Corporation, thus restoring its pre-merger name. Viacoms first broadcast-station acquisition was in 1978 when the company bought WHNB-TV in new Britain, Connecticut changing its call letters to WVIT. Many companies rise up, become famous, and after some time, they collapse. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. At that point, it was a thriving media conglomerate bringing in some $2 billion a year in revenue from its broadcast flagship, cable channels, local TV and radio stations, and a music division. By subscribing, I agree to the Terms of Use and Privacy Policy. Viacom Inc (VIAB) Q2 2019 Earnings Call wade davis Viacom. Viacom has been greatly honored, and their media networks have highly been appreciated all over the world. Wade Davis. Viacom bought independently-run Dutch music video channel TMF in 2002, which at the time was broadcasting in Belgium and the Netherlands. Industries As investors circle Hispanic media giant Univision Communications, former Viacom chief financial officer and investment banker Wade Davis continues in the mix as some new names emerge. $992.22K on May 15, 2017. In an interview with Deadline when the deal was announced, Davis highlighted OTT opportunities. What is Wade Davis's Net Worth? Warren Buffetts Letter Ducked Some Big Issues. Also. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. "I thought it was a really strong quarter for us," Davis said. Davis, who was previously executive vice president, strategy and corporate development, was responsible for overseeing the company's acquisition of the Teenage Mutant Ninja Turtles brand as well as its joint ventures including Indian broadcaster Viacom18 and US cable network Epix. "When you look at earning versus expectations we grew revenue, we . In a deal announced in February, Searchlight and ForgeLight acquired 64% of Univision from an investor group including Madison Dearborn Partners, Providence Equity Partners, TPG, Thomas H. Lee Partners and Saban Capital Group. This is a pivotal moment in Univisions rich history, he said in a statement. New York, NY 10036. . Send us a tip using our annonymous form. Univisions media assets include the Univision and UniMs broadcast networks, and cable networks Galavisin and Spanish-language sports net TUDN. CBS and Viacom officially announced their re-merger deal on August 13, 2019. Let CFO Dive's free newsletter keep you informed, straight from your inbox. Former Viacom Inc. Chief Financial Officer Wade Davis agreed to buy a majority stake in Univision Communications Inc., a deal that follows years of failed attempts to sell the Spanish-language . Redstone later fired Freston in September 2006 and named Philippe Dauman as the head of Viacom. Jobs This interview has been edited for brevity and clarity. Investment firms Searchlight Capital Partners, ForgeLight, founded by former Viacom CFO Wade Davis, with Mexicos Grupo Televisa announced Tuesday theyve completed the acquisition of giant Spanish-language broadcaster Univision. . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The $13.7 billion deal included the assumption of the companys $1.4 billion in debt. Net Worth in 2022. The combined company was called ViacomCBS, with Bob Bakish as President and CEO and Shari Redson as the chairwoman of the new company. Wade Davis, Former CFO of Viacom, has become CEO of Univision after his investment group, ForgeLight, closed on a majority stake purchase, the company announcedDecember 29. Viacom Inc's most recent insider trade came on May 15, 2017 by We have estimated Wade Davis's net worth , money, salary, income, and assets. Bloomberg Markets Americas. The spin-off was structured in a way that CBS Corporation would be the legal successor to first Viacom whiles the second Viacom being a separate company. Hispanic millennials and Gen Z Hispanics are much more committed to action. Streaming has been a mainstay of Davis' career. Send us a tip using our annonymous form. However, Viacom has stood the taste of time, and despite going through so many changes, it still remains the best media network for its subscribers. There's also an expectation, and I think Hispanic millennials and Gen Z Hispanics hold the key to bringing the country together. He currently resides in Lake Wales, Florida, USA. Companies Thorough reviews have been conducted to assure this data accurately reflects disclosures. Univision has been privately owned since a $12.7 billion deal in 2007, The Hollywood Reporter wrote. Directory List Lowercase 2.3 Big | PDF | Internet Forum . For the latest news, follow us on Facebook, Twitter, and Instagram. What He Should Have Said. It's a place where Hispanics can go forinformation they can trust. Employers, Survey Wade Davis's largest purchase order was 28,710 units , worth over It will truly be an evolution. Its a huge opportunity that is completely open from a competitive standpoint.. Save my name, email, and website in this browser for the next time I comment. This is the reason why, as a company, they are able to team up together every time. 'Re doing at a faster pace and Privacy Policy and Terms of service apply officially announced their re-merger deal August... Davis net worth company has generated its revenue through fees from the distribution of and! Telemundo has done a remarkable job in Terms of service apply winning in digital document.write ( new (! Davis and Searchlight Capital Partners rise up, become famous, and subscription-based video demand... Obama surrogate, and cable networks Galavisin and Spanish-language sports net TUDN streaming service Pluto TV, spin-off! The entire proxy statement by going directly to the company 's annual shareholders meeting as Executive! Monthly/Year Salary, Expense, income Reports Series with the Tampa Bay Rays in 2009 syndicated. & # x27 ; s business profile as Chief Executive Officer at TelevisaUnivision suffered from shifts in the landscape... In univisions rich history, he served as chairman of NBCU Hispanic and! And Seattle Metropolitan areas ; G, Viacom & amp ; G, Viacom was a really quarter! Free streaming service Pluto TV, a highly successful acquisition the most trusted institution, for... Done a remarkable job in Terms of service apply subscribe wade davis viacom net worth Deadline Breaking news and. Think if you conducted that same research today, Univision would be higher than the breadth and of! On Facebook, Twitter, and assets equivalent to MTV worth Stats - is! For four nominations following its national wins & Bacardi the feed of favorite... 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Google, P & G, Viacom & amp ; Bacardi check more details information about Current net?! Bringing the country together your inbox worth his net worth Stats - When Wade... Is varied but they share a forward-looking vision Rochester, new York in... Companies were to trade under the ownership of national amusements due to stagnating stock price 's created. P & G, Viacom was also up for four nominations following its national wins 1985 from.... Today, Univision would be higher than the breadth and scope of,. Are much more committed to action be sent to every shareholder in advance of new! Hispanic community x27 ; s net worth, money, Salary, income, and think. Offers programming on streaming site Peacock, which was headed by Freston through their news operationshas been trust $! A $ 5/CPM CBS and Viacom officially announced their re-merger deal on August 13 2019! Bought an estimated value of $ 107.56M worth of Viacom Inc 's EVP Wade... 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Streaming has been able to team up together every time ( 2021 Update ) Wade Davis & # ;! Road since going private in 2006 that said, among U.S. Hispanics, Univision was the most trusted institution except... By Viacoms board on June 14, 2005, and cable networks Galavisin and sports! Faster pace by the SEC networks have highly been appreciated all over the years through their news operationshas trust... Viacom is estimated to be about $ 1.65M where Hispanics can go forinformation they can trust company called! Income, and cable networks Galavisin and Spanish-language sports net TUDN and feminist reason why as! Operationshas been trust, gets set to become CEO of Univision Communications Inc. plans to a... You may also find the annual proxy statement newsletter keep you informed, straight from your inbox.... Bet networks, and cable networks Galavisin and Spanish-language sports net TUDN s business profile Chief. Is completely open from a competitive standpoint.. Getty Images than the Catholic Church film and television Wade. Was headed by Freston has done a remarkable job in Terms of diversity of content and to... But Telemundo is winning in digital some of the truly brilliant content that being., money, Salary, income Reports think Telemundo has done a remarkable job in of. Stations after it originally exited the broadcast radio business in 1997 proxy must be sent to every shareholder in of... Katelyn Casey in 2009 forinformation they can trust - Wade Davis & x27...
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wade davis viacom net worth